investment over GDP, a substantial deterioration in the current account balance and an improvement in the finances of the social …

wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest …: The crisis was mainly driven by the efficiency wedge, followed by the net exports and the investment wedge. The government …

wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest …: The crisis was mainly driven by the efficiency wedge, followed by the net exports and the investment wedge. The government …

Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …

's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …